Newcrest Sells Royalty Portfolio for US$37.5 Million
Melbourne, Australia--(Newsfile Corp. - December 13, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) has entered into definitive agreements with Altus Strategies (Altus) (AIM: ALS) (TSXV: ALTS) (OTCQX: ALTUF) and AlphaStream Limited (AlphaStream) (private) to sell a portfolio of 24 royalties. Newcrest will receive total cash consideration of approximately US$37.5 million from Altus and AlphaStream payable upon completion of the transaction.Completion of the transaction is expected to occur in two phases due to rights of first offer...
2021-12-13 4:31 PM EST
Newcrest Exploration Update
Exploration Update 9 December 2021 Red Chris and Havieron continue to deliver excellent drilling results At Red Chris, drilling continues to expand the footprint and continuity of the higher grade mineralisation of East Ridge.RC745 returned 366m @ 0.45g/t Au & 0.57% Cu from 728m, including 36m @ 1.4g/t Au & 1.2% Cu from 960m. This hole is located 100m above RC735 and extended the higher grade mineralisation a further 100m to the east. RC739 returned 390m @ 0.63g/t Au & 0.48%...
2021-12-08 5:49 PM EST
Newcrest Finance Director Retires from Board
Melbourne, Australia--(Newsfile Corp. - December 7, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that Mr. Gerard Bond has retired as Finance Director of Newcrest, following the close of Newcrest's Board meeting on 8 December 2021 at 12pm. As previously announced, Mr. Bond decided to leave Newcrest after 10 years in the role as Finance Director and Chief Financial Officer. Ms. Sherry Duhe will replace Mr. Bond as Chief Financial Officer in early 2022, with current...
2021-12-07 8:15 PM EST
Newcrest New Chief Financial Officer Appointed
Melbourne, Australia--(Newsfile Corp. - November 15, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to announce that Ms Sherry Duhe has been appointed as Chief Financial Officer. Sherry will replace Gerard Bond, who as previously announced has decided to leave Newcrest after 10 years in the role of Finance Director and Chief Financial Officer in early 2022.Ms Duhe has extensive finance and leadership experience across a range of global organisations, including the past four years...
2021-11-15 9:31 PM EST
Newcrest Agrees to Acquire Pretium Resources
Newcrest agrees to acquire Pretium Resources1Adds a Tier 1 large scale, long life, low cost mine to Newcrest's portfolio of Tier 1 assetsImmediately increases Newcrest's gold production by >300koz pa (~15%) to well above 2Moz2,3,4Accretive to Newcrest's EBITDA and cash flow Provides immediate operational and financial diversification from a Tier 1 jurisdiction Growth in a region where Newcrest already operates and has strong existing relationships Significant near mine and district-scale exploration opportunity with exciting potential to realise
2021-11-08 6:01 PM EST
Newcrest Releases Its 2021 Sustainability Report
Melbourne, Australia--(Newsfile Corp. - November 2, 2021) - Newcrest's (ASX: NCM) (TSX: NCM) (PNGX: NCM) 2021 Sustainability Report, released today, shows continued progress in FY21 across health, safety, economic, environmental, social performance and governance despite the continued challenges of the COVID-19 pandemic.The safety, health and wellbeing of our people remains Newcrest's highest priority. In FY21, Newcrest finished another year with no fatalities or life-changing injuries and reported a total recordable injury frequency rate (TRIFR) of 2.3 injuries per million...
2021-11-02 5:36 PM EDT
Newcrest Mining Limited - Quarterly Exploration Report - September 2021
Quarterly Exploration Report For the three months ended 30 September 2021 Red Chris and Havieron deliver outstanding growth and infill drilling results At Red Chris, drilling continues to expand the known higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade intercepts, supporting the potential for resource growth.RC705^^ returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. This hole...
2021-10-27 7:18 PM EDT
Newcrest Mining Limited - Quarterly Report - September 2021
Q1 in line with expectations as organic growth agenda advanced September quarter in line with expectations and on track to meet annual guidance1,2Gold production of 396koz3 and copper production of 25kt All-In Sustaining Cost (AISC) of $1,270/oz3AISC margin of $406/oz4Gold and copper production expected to increase in the December quarter2Advancing Newcrest's global organic growth portfolio Newcrest recently released the findings of the Red Chris Block Cave, Havieron Stage 1, Lihir Phase 14A and Cadia PC1-2 Pre-Feasibility Studies (PFS)5:All...
2021-10-27 7:17 PM EDT
Newcrest Mining Limited - Lihir PFS Supports Production Growth to 1Mozpa+ from FY24
Lihir Phase 14A PFS indicates potential for growth and large scale, long life, low cost productionConfirms Lihir's pathway to become a 1Moz+ gold producer for at least 10 years from FY241$179m investment projected to deliver outstanding return metrics of 37% IRR & 2.6 year payback2,3,4Increases Lihir's Ore Reserves by 1 million ounces5 Project implementation to enhance operational flexibility and risk management Potential to deploy Phase 14A mining techniques in other parts of the mine to unlock more value Feasibility...
2021-10-11 9:08 PM EDT
Newcrest Mining Limited - Havieron PFS Stage 1 Delivers Base for Future Growth
Havieron PFS Stage 1 estimated IRR of 16% with a 4 year payback period1,2,3,4Estimated average gold production of 160kozpa @ AISC of US$743/oz over initial 9 year mine life from a ~2Mtpa operation1,2,3 Capital efficient, low intensity development utilising existing Telfer processing infrastructurePFS based on Ore Reserves of 14Mt and does not consider 37Mt of Inferred Mineral ResourceThe Study identified that including additional Mineral Resources could a
2021-10-11 9:08 PM EDT
Newcrest Mining Limited Advances Its Global Organic Growth Portfolio
Consistent strategic focus on maximising cashflow from long life, low cost, high margin assets All four organic growth options have PFS's estimated to deliver an IRR of 16% or higher1Projected 50% reduction in Group All-In Sustaining Cost per ounce over the next decade2,4Material growth (+37%) in copper production, sourced exclusively from Tier 1 jurisdictions2,4Lihir projected to become a 1Mozpa+ gold producer for at least 10 years from FY242,3 Projected multi-decade asset l
2021-10-11 9:07 PM EDT
Newcrest Mining Limited - Red Chris Block Cave PFS Confirms Tier 1 Potential
Confirms Red Chris potential to become a world class, long life mineEstimated 17% IRR and C$2.3 billion NPV over an initial 31 year mine life1,2,3Projected average 316kozpa gold and 80ktpa copper production from Macro Block 1 in FY29-341,2Impressive Block Cave Life-of-Mine All-In Sustaining Cost of -C$180/oz1,2,4Initial Ore Reserve estimate of 8.1Moz Au and 2.2Mt Cu5Further optimisation underway to assess opportunities pro
2021-10-11 9:07 PM EDT
Newcrest Mining Limited - Chairman Peter Hay to Retire
Melbourne, Australia--(Newsfile Corp. - October 4, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that Mr Peter Hay intends to retire as a Non-Executive Director and as Non-Executive Chairman of Newcrest, with effect from the close of Newcrest's Annual General Meeting (AGM) on 10 November 2021. Newcrest also announces that Mr Peter Tomsett has been appointed as Non-Executive Chairman with effect from the close of Newcrest's AGM, subject to his re-election as a Non-Executive Director at...
2021-10-04 6:41 PM EDT
Newcrest Mining Limited - Notice of Date of AGM
Melbourne, Australia--(Newsfile Corp. - September 8, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM)To:Company Announcements Office From:Maria Sanz PerezDate:9 September 2021Subject:Listing Rule 3.13.
2021-09-08 7:50 PM EDT
Newcrest Mining Limited - Exploration Update - September 2021
HighlightsAt Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade intercepts, supporting the potential for resource growth.RC705 returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. This hole is located 100m above RC678 (previously reported) and demonstrates continuity over 300m vertically.As noted in Newcrest's June 2021 Quarterly Exploration Report, East...
2021-09-08 7:44 PM EDT
Newcrest Mining Limited - FY21 Full Year Results
Melbourne, Australia--(Newsfile Corp. - August 18, 2021) - Newcrest (ASX: NCM) (TSX: NCM) delivers record profit and free cash flow and a 129% increase in final dividend(1),(2),(3),(4) Creating a brighter future for people through safe and responsible mining Zero fatalities and life-changing injuries, underpinned by industry-leading low injury rates(5)Goal of net zero carbon emissions by 2050(6
2021-08-18 8:55 PM EDT
Newcrest Mining Limited - Cadia PC1-2 Pre-Feasibility Study Delivers Attractive Returns
Melbourne, Australia--(Newsfile Corp. - August 18, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to announce that the Newcrest Board has approved the Cadia PC1-2 Pre-Feasibility Study (the Study), enabling the commencement of the Feasibility Stage (the Feasibility Study) and Early Works Program. The Study updates and defines a significant portion of Cadia's future mine plan, with the development of PC1-2 accounting for ~20% of Cadia's current Ore Reserves. The approved commencement of the Early...
2021-08-18 8:50 PM EDT
Newcrest Mining Limited - Telfer Investment Underpins Long Term Future Potential
Melbourne, Australia--(Newsfile Corp. - August 11, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to announce that it will proceed with the West Dome Stage 5 cutback (the "cutback") at its Telfer operation in Western Australia. The cutback underpins the continuity of operations at Telfer, with further mine life extension opportunities to be assessed within the open pit and underground.Telfer is strategically well positioned in the highly prospective Paterson Province, with its existing infrastructure and...
2021-08-11 6:57 PM EDT
Newcrest Mining Limited - Quarterly Exploration Report for the Three Months Ended 30 June 2021
HighlightsAt Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge, with the new discovery adjacent to the East Zone returning the highest grade intercept to date (at East Ridge), supporting the potential for resource growth:RC700 returned 366m @ 1.1g/t Au & 0.93% Cu from 738m, incl. 146m @ 2.1g/t Au & 1.6% Cu from 780m. This hole is the highest grade intercept to date (at East Ridge) and located 100m above RC688 (previously reported). East...
2021-07-21 7:50 PM EDT
Newcrest Mining Limited - Quarterly Report for the Three Months Ended 30 June 2021
Strong June Quarter delivers FY21 guidance and quarterly records Creating a brighter future for people through safe and responsible miningGoal of net zero carbon emissions by 2050(1) Industry leading low injury rates(2) underpinned by a 27% improvement in TRIFR(3) in the June 2021 quarter Achieved FY21 production guidance, with Cadia exceeding the top end of its guidance range(4) Quarterly gold production of 542koz(5) and copper production of 38
2021-07-21 7:49 PM EDT